Start learning 50% faster. Sign in now
Section 339. Liability for fraudulent conduct of business: (1) If in the course of the winding up of a company , it appears that any business of the company has been carried on with intent to defraud creditors of the company or any other persons or for any fraudulent purpose, the Tribunal , on the application of the Official Liquidator , or the Company Liquidator or any creditor or contributory of the company, may, if it thinks it proper so to do, declare that any person, who is or has been a director, manager, or officer of the company or any persons who were knowingly parties to the carrying on of the business in the manner aforesaid shall be personally responsible, without any limitation of liability, for all or any of the debts or other liabilities of the company as the Tribunal may direct: Provided that on the hearing of an application under this sub-section, the Official Liquidator or the Company Liquidator, as the case may be, may himself give evidence or call witnesses.
When and how long is the 'Har Ghar Tiranga' campaign being organized?
Who was elected as the President of the Indian Steel Association (ISA) in March 2024?
Who was the first Indian to be elected to the leadership of the Comintern, an international communist organization in Russia?
When is World Teachers' Day celebrated every year?
A commemorative coin of Rs 100 was recently released on the 101st birth anniversary of Jawaharlal Darda. He was associated with which state?
Where is the headquarters of the National Biodiversity Authority (NBA)?
In which year does Oil India Ltd aim to invest 165 billion rupees ($1.98 billion) in clean energy projects to meet its net zero carbon emissions goal?
Who has been appointed as the new Ambassador for Maldives to India?
On which date did Sikkim become the 22nd state of the Indian Union and its monarchy was abolished?
On which date is the Foundation Day of Tripura, Manipur, and Meghalaya observed?